Citadel Advisors LLC boosted its position in Fly Leasing Limited (NYSE:FLY) by 191.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,401 shares of the transportation company’s stock after acquiring an additional 19,301 shares during the quarter. Citadel Advisors LLC owned 0.09% of Fly Leasing Limited worth $395,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in Fly Leasing Limited by 6.7% in the first quarter. Ameriprise Financial Inc. now owns 12,994 shares of the transportation company’s stock valued at $170,000 after acquiring an additional 817 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Fly Leasing Limited by 31.5% in the first quarter. Parametric Portfolio Associates LLC now owns 17,394 shares of the transportation company’s stock valued at $228,000 after purchasing an additional 4,163 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Fly Leasing Limited by 4.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 20,654 shares of the transportation company’s stock valued at $271,000 after purchasing an additional 966 shares during the period. Goldman Sachs Group Inc. purchased a new position in Fly Leasing Limited in the first quarter valued at about $349,000. Finally, Renaissance Group LLC raised its position in Fly Leasing Limited by 10.5% in the second quarter. Renaissance Group LLC now owns 30,222 shares of the transportation company’s stock valued at $406,000 after purchasing an additional 2,874 shares during the period. Hedge funds and other institutional investors own 46.90% of the company’s stock.
Several research firms have commented on FLY. ValuEngine raised Fly Leasing Limited from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Compass Point reissued a “buy” rating and issued a $19.00 price objective (up from $17.00) on shares of Fly Leasing Limited in a research report on Tuesday, October 3rd. Cowen and Company reissued a “buy” rating and issued a $16.00 price objective on shares of Fly Leasing Limited in a research report on Tuesday, September 19th. Zacks Investment Research raised Fly Leasing Limited from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, BidaskClub raised Fly Leasing Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $17.60.
Shares of Fly Leasing Limited (NYSE:FLY) opened at 14.38 on Wednesday. Fly Leasing Limited has a 12 month low of $11.85 and a 12 month high of $14.65. The stock’s 50 day moving average price is $13.91 and its 200-day moving average price is $13.41. The stock’s market capitalization is $433.90 million.
Fly Leasing Limited (NYSE:FLY) last released its quarterly earnings results on Thursday, August 10th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Fly Leasing Limited had a negative net margin of 9.68% and a positive return on equity of 11.37%. The company had revenue of $79.21 million during the quarter, compared to analysts’ expectations of $83.17 million. During the same period in the prior year, the company earned $0.45 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts forecast that Fly Leasing Limited will post $1.12 earnings per share for the current fiscal year.
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Fly Leasing Limited Profile
Fly Leasing Limited is engaged in purchasing commercial aircraft, which it leases under multi-year contracts to a range of airlines throughout the world. The Company primarily acquires aircraft by entering into purchase and leaseback transactions with airlines for new aircraft; purchasing portfolios, which consists of aircraft of various types and ages, and acquiring individual aircraft.
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